Economy
Retail Sales Growth Halves in April as Higher Gas Costs Curb Spending
U.S. retail sales growth slowed significantly in April to 0.5%, down from March's 1.6%, as elevated gas prices, fueled by the Iran...
#Inflation 128 articles
Economy
Poland’s Wnorowski Flags Economic Risks Over Inflation Concerns
MPC member Henryk Wnorowski prioritizes safeguarding economic growth from geopolitical shocks over immediate inflation control, urging caution on interest rate hikes for...
Economy
Iran’s Economy Falters Under War, Blockade: Inflation Soars, Rial Plummets
Iran's economy faces unprecedented strain from war and US blockade, with annual inflation at 53.7% and the rial losing over half its...
Markets
Kevin Warsh Confirmed as Fed Chair Amid Inflationary Headwinds
Kevin Warsh has been confirmed as the next Federal Reserve Chair, stepping into a challenging economic environment marked by rising inflation and...
Stocks
Dollar Gains on Weak Stocks, Oil Price Jump, Inflation Data
The dollar index advanced +0.34% on Tuesday, propelled by surging crude oil prices, renewed geopolitical concerns, and stronger-than-expected US inflation data. Stock...
Economy
Inflation Jumps to Highest Since 2023: Gas, Airfares, Housing Drive Costs Up
U.S. inflation hit its highest level since May 2023 in April, with consumer prices up 3.8% annually. Soaring gasoline prices, airfares, and...
Markets
Gold Plunges 1.2% as Mideast Tensions Reignite Inflation Fears
Gold prices experienced a sharp decline on Monday, with spot gold falling 1.2 percent, as a stalemate in U.S.-Iran peace talks sent...
Economy
China’s Factory Inflation Hits Post-Covid High on Iran War Cost Shock
China's producer prices jumped 2.8% in April, the fastest since the pandemic, as the Iran war fallout sharply raised costs. This ends...
Markets
UK Businesses Increase Temp Staffing to Counter Volatility
British employers are increasingly turning to temporary workers, a recent survey shows, as they navigate economic turbulence exacerbated by geopolitical events. Permanent...